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Indonesia Offers Investment Opportunities at the IDB Forum

by Sebastianus EpifanyTuesday, April 11, 2017 - 15:19

JAKARTA - Indonesia currently focuses on developing various infrastructure project. Therefore, the event of the 3rd Islamic Development Bank Member Countries Sovereign Investments Forum receive positive appreciation from Indonesian Finance Minister Sri Mulyani Indrawati to open up investment opportunities for member countries of the Islamic Development Bank.

Infrastructure development is one of the essential things for Indonesia and it is estimated to cost Rp 4.900 trillion during the five-year reign of President Joko Widodo (Jokowi). In addition, as one of the countries with economic growth rates higher than in other countries such as the BRIC and the G20, Indonesia has the potential to attract investment funds to productive sectors. With 225 projects identified as national priority programs, private sector role becomes important.

"This forum is a very good opportunity for Indonesia as the host, to explain a wide range of major infrastructure projects and also various innovations that have been made in the financing," said Sri Mulyani as reported from kemenkeu.go.id (11/04/2017)

"President Jokowi and Vice President Jusuf Kalla has set a priority to develop infrastructure projects throughout Indonesia. Not only to increase the level of economic growth, but also for the well-being equally divided among the bottom 40%," she said.

The 3rd Islamic Development Bank Member Countries Sovereign Investments Forum was held on 10-12 April 2017 in Bali International Convention Center. On that occasion, Sri Mulyani also witnessed the signing of a Memorandum of Understanding (MoU) between the President of the IDB and PT Sarana Multi Infrastruktur which worth US$ 1 billion.

By this MoU, Finance Minister Sri Mulyani also invited any other managers of Sovereign Wealth Fund, to participate in various projects in Indonesia through PT SMI.